(Boursier.com) – “International prices of agricultural commodities continued to decline in April,” says the United Nations Food and Agriculture Organization (FAO), in a note published Thursday. Last month, the FAO index declined 1.2% compared to March and by almost 20% compared to the same period 2014, to stand at 171 points. This is its lowest level since June 2010 …
Over the month, the largest decline was recorded by dairy products (-6.7% to 172.4 points). FAO said that the end of European policy of quotas is one of the factors. “Milk prices were also penalized by the uncertainty that characterized the level of China’s purchases in 2015 and by the maintenance of import bans imposed by the Russian Federation,” says FAO. Grain prices indices (-1.3% to 167.6 points), sugar (-1.3%, 185.5 points) and oils (-1.5%, 150.2 points) are also declined.
However, for the first time since August 2014, meat prices rose (+ 1.7% to 178 points). “The market growth is mainly due to a slight increase in import demand in China, the US, Japan and Viet Nam,” said the organization …
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